Osceola County reopens bidding for development site on Lake Toho | GrowthSpotter
By Laura Kinsler | Growthspotter | Feb 17, 2023 at 4:59 pm
Osceola County has reopened bidding for 309 acres of land next to the Valencia College Poinciana Campus and has set a minimum price of $85,000 per acre.
The “Mac Overstreet” property, formerly known as College Station, stretches from Pleasant Hill Road to Lake Tohopekaliga. The acreage abuts two residential subdivisions, the Bellalago boating community to the south and Concorde Estates to the north. It has Employment Center and Institutional future land use and is zoned Institutional.
Daryl Carter, president of Maury L. Carter & Associates, said the permitted uses will determine the market value of the land. “It sounds like a great piece of property in a great location. But if the county will only consider R&D and offices, that could be very limiting,” he said. If the county will allow apartments with a mix of uses, that would bring more buyers, but the property would need to be rezoned.
Carter also questioned why the county set the bid deadline just 16 days after publication — with no question and answer period or property tour. “I don’t understand what’s the rush,” he said. “I understand the county has some noble goals to generate tax revenue and create jobs. But on the other hand, things need to work in today’s economy. And it has to be profitable for a developer so everybody wins.”